Instilling a SR&ED Mindset in Your Company

According to Pierre J. Pinet of NorthBridge Consultants, in order to obtain the maximum benefit from the SRED program, companies need to maintain constant awareness of ongoing development activities. He suggests that companies take the following proactive steps:

Review the SR&ED program with affected employees at the beginning of the fiscal year in order to reiterate its importance to the company’s well-being

Make SR&ED success a key performance measure for the business; challenge key employees to work throughout the year on the claim

Establish convenient repositories for pertinent documentation

Review new or ongoing projects every month to identify SR&ED eligibility.

Categories

What is SR&ED?

Administered by Canada Revenue Agency (CRA), the Scientific Research and Experimental Development (SR&ED or SRED) Program is a $3.5 billion business incentive program to encourage research and development in Canada.

SR&ED News

This blog will serve to keep all Canadian small- and medium-sized enterprises (SMEs), small business owners and managers, and SR&ED practitioners up to date on the latest SRED news.